UMH Properties, Inc. provided an operations update for the first quarter of 2025 on April 2, 2025, indicating a strong start to the year. The company reported an increase in same property occupancy by 113 units and a rise in rental home occupancy from 94.0% to 94.7%.
UMH is on track to achieve its 5% annual rent increase and plans to add 800 new rental homes during the year. The company also confirmed the completion of its first acquisitions of 2025, referring to the two New Jersey communities acquired in March.
Additionally, UMH has two communities in Maryland, comprising 191 sites, under contract for a total purchase price of $14.6 million, with an expected closing in the second quarter. The company's annual dividend has also been increased for a fifth consecutive year to $0.90 per share, reflecting confidence in sustained performance.
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